Summary: USDA says 92 million acres were planted to corn this spring, down 5 million from the March intentions. The report gave the market a jolt in the trade-shortened holiday week. For the week, September wheat gained 16 cents while the nearby corn contract skyrocketed 25 cents despite a lower close Thursday. More acres turned to soybeans as the crop of choice and hotter weather started to weigh on the trade. The August soybean contract improved 32 cents. August soybean meal added $11 per ton. December cotton increased $3.44 per hundredweight.
